Last $35.64 USD
Change Today +0.21 / 0.59%
Volume 1.1M
XL On Other Exchanges
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New York
As of 8:04 PM 01/26/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

XL House

8 St. Stephen's Green

Dublin, 2

Ireland

Phone: 353 1 607 5300

Fax: 353 1 607 5333

XL Group Public Limited Company, through its subsidiaries, operates as an insurance and reinsurance company. The company provides property, casualty, and specialty products to industrial, commercial, and professional firms; insurance companies; and other enterprises on a worldwide basis. Segments The company operates through three segments: Insurance, Reinsurance, and Life operations. INSURANCE Segments The company operates through three segments: Insurance, Reinsurance, and Life operations. INSURANCE This segment’s operations are organized into four business groups, such as International Property and Casualty (IPC), North America Property and Casualty (NAPC), Global Professional Lines (Professional), and Global Specialty Lines (Specialty). This segment’s operations provide customized insurance policies for complex corporate risks that might require limits and are marketed and distributed through various local, national, and international producers. Large deductibles and self-insured retentions are incorporated into these policies to further manage risk along with underwriting guidelines. The Insurance segment’s most significant operating legal entities in 2013 based on revenues were as follows: XL Insurance (Bermuda) Ltd, XL Insurance Company plc, XL Specialty Insurance Company, Indian Harbor Insurance Company, Greenwich Insurance Company and XL Insurance America, Inc., as well as its Lloyd’s syndicate. IPC IPC includes various lines of business, such as property, primary and excess casualty and environmental liability. Property and casualty products are written as global insurance programs for large and medium sized multinational companies and institutions, and include property and liability coverages. Property and casualty products provide large capacity on a primary, quota share or excess of loss basis. Global insurance programs are targeted to large multinational companies in major industry groups, including aerospace, automotive, consumer products, pharmaceutical, pulp and paper, high technology, telecommunications, transportation, and basic metals. The company’s property business, which also includes construction projects, is short-tail by nature and written on both a primary and excess of loss basis. Property business includes exposures to man-made and natural disasters, and loss experience is characterized as low frequency and high severity. Environmental liability products include pollution and remediation legal liability, general and project-specific pollution and professional liability, and commercial general property redevelopment and contractor’s pollution liability. Business is written for both single and multiple years on a primary or excess of loss, claims- made or, less frequently, occurrence basis. Targeted industries include environmental service firms, contractors, healthcare facilities, manufacturing facilities, real estate development, transportation, and construction. NAPC NAPC includes various lines of business, such as property, primary and excess casualty, environmental liability, excess and surplus lines, construction, surety, and program business. The NAPC business unit also includes 100% property products for the account risk engineered markets and general liability, U.S. workers’ compensation and auto liability for the risk management accounts, which require customers to take deductibles or self-insured retentions. Excess and surplus lines products include general liability property, excess auto, and excess liability coverages where various Insurance Services Office, Inc. products are written. Targets include various classes, including rail roads with focus on ‘one-off’ risks generated by contracted wholesale brokers. Construction products include property coverages (builders risk, contractors equipment, property, and inland marine), general liability, U.S. workers compensation, and commercial auto, as well as professional liability for contractors and owner, excess umbrella, subcontractor default insurance, and primary casualty wrap ups. Surety products include contract bonds, including bid, performance, payment, and contractor qualif

 

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Industry Analysis

XL

Industry Average

Valuation XL Industry Range
Price/Earnings 28.1x
Price/Sales 1.3x
Price/Book 0.9x
Price/Cash Flow 26.2x
TEV/Sales 0.5x
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